Announced
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telecommunications services
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Software
Acquisition
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United States
Synopsis
Cisco and BroadSoft announced a definitive agreement for Cisco to acquire publicly-held BroadSoft Inc., headquartered in Gaithersburg MD. Pursuant to the agreement, Cisco will pay $55 per share, in cash, in exchange for each share of BroadSoft, or an aggregate purchase price of approximately $1.9 billion net of cash, assuming fully diluted shares including conversion of debt. The acquisition has been approved by the board of directors of each company.
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